ACAMS
CAMS · Question #59
CAMS Question #59: Real Exam Question with Answer & Explanation
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Question
As a result of an audit, a policy exception was identified that had been approved by the compliance officer. The auditor determined that the policy exception is a violation of a regulatory requirement. What should the auditor do?
Options
- AAdvise the compliance officer on how to appropriately respond to policy exceptions.
- BInclude the regulatory violation in the audit report and report it to the board of directors.
- CConsult with legal counsel to determine if the approval of the policy exception was acceptable.
- DInclude the regulatory violation in the audit report and recommend the compliance officer be
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